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SPY

The Dallas Fed Manufacturing Business Index for June improved to -15.1 from -19.4 in the previous month, indicating a less severe contraction in manufacturing activity.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:30 pm

EPOW

Sunrise New Energy shares are trading higher after the company announced its subsidiary was selected for the '2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property' funding list. Additionally, the company achieved a milestone by delivering 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:28 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has successfully delivered 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology Co., Ltd. This is part of a larger 25,000-ton order, with stable monthly deliveries of 2,500 tons starting in June 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:19 pm

ABAT

BASFY

F

GM

STLA

TSLA

Major automakers are targeting lithium supply from American Battery Technology Co. (ABAT) as the company develops one of the largest lithium deposits in the U.S. at its Tonopah Flats project. The company is also involved in battery recycling and has partnerships with BASF and the U.S. Advanced Battery Consortium. Automakers like Ford, GM, and Tesla are seeking lithium sources to meet the growing demand for electric vehicle batteries.

Portfolio Pulse from Matt Whittaker

June 24, 2024 | 2:18 pm

BTCUSD

Mt. Gox will start repaying Bitcoin and Bitcoin Cash to clients starting in July 2024, potentially creating significant selling pressure on Bitcoin. Bitcoin prices have already dropped following the announcement.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 2:09 pm

IYG

JPM

XLF

JPMorgan Chase & Co. (NYSE:JPM) shares are trading higher following the announcement of expansion plans for its offices in Miami and West Palm Beach. The expansion is expected to stimulate significant economic activity in South Florida. Investors can also gain exposure to JPMorgan through ETFs like iShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 2:08 pm

FXI

China's President Xi Jinping announced plans to accelerate scientific and technological innovation in various fields including new-generation information technology, artificial intelligence, quantum technology, biotechnology, and new energy.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:06 pm

FXI

China's President Xi Jinping announced plans to increase research and development in technology sectors such as integrated circuits, industrial motherboards, basic software, advanced materials, and scientific research instruments to address current bottlenecks and constraints.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:04 pm

APO

Apollo Global Management (NYSE:APO) has outperformed the market over the past 10 years with an average annual return of 15.56%, resulting in a $1000 investment growing to $4,232.50. The company currently has a market capitalization of $66.79 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 2:00 pm

MELI

MercadoLibre (NASDAQ:MELI) has significantly outperformed the market over the past 15 years, delivering an average annual return of 31.35%. A $100 investment in MELI 15 years ago would be worth $6,055.15 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 2:00 pm